Forte Capital Management Acquires Industrial Property In Plantation For $7.55M
1850 NW 69th Ave Plantation, FL 33313, USA
$7,550,000
$198/SF
Building Size
38,000 SF
Asset Type
Industrial
Closing
Jun 1, 2023
AI
The industrial property located at 1850 Northwest 69th Avenue in Plantation has been sold. The property spans 38,000 square feet and was sold for a total price of $7,550,000, resulting in a price per square foot of $199. The transaction took place on June 1, 2023.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $7,550,000
- Square Footage: 38,000
- Address: 1850 Northwest 69th Avenue, Plantation
- Market: Plantation
The buyer of the property is Forte Capital Management, represented by Chaim Cahane & Dov Tepper. The seller is Goodwin Biotech.
Players
Miami Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.10%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93